Oil Archives - Political Economy Journal

Sanctions must be neutralized, and the first step in foreign relations should be taken toward neighbors

21

Apr

Election, Energy Security, food insecurity, foreign relations, Iran, Iraq, IRGC, Khatam-al Anbiya Construction Headquarters, Ministry of Oil, Oil, Rostam Ghasemi, SANCTIONS, Syria, the United States, West Asia

Sanctions must be neutralized, and the first step in foreign relations should be taken toward neighbors

PEJOURNAL - We have approached Mr. "Rostam Ghasemi" to ask questions to review the various dimensions of his personality, record and plans as someone who considers himself qualified to accept the responsibility of the President of the Islamic Republic of Iran. The details of this conversation are as follows: I think since you have talked less with the media so far, it is better to have a brief introduction of yourself first. In the name of God, Most Gracious, Most Merciful. I have been working for a long time in the field of construction in different parts of Iran as…

Geostrategic scrutiny on the construction of a new energy corridor

29

Mar

China, energy corridor, energy economy, Energy Security, energy transit, Europe, gas, geopolitics, Geostrategic, Iran, Oil, Pakistan, Persian Gulf, Russia, Turkey

Geostrategic scrutiny on the construction of a new energy corridor

BY: Pooya Mirzaei PEJOURNAL - Energy has become a lever of burden and pressure that influence international relations and geopolitics. Thus, energy security has been considered vital and important around the world which brings an emergency construction of a tactical strategic energy corridor or passage as a way to guarantee safety-ness. One of the main elements that facilitate world economic development is energy. The pursuit of the world towards development has created unsteadiness and imbalances in the supply and demand of energy. Therefore, energy resource has a major issue that needed an emergency approach to the nations globally. It has…

Fourteen U.S. states including Louisiana and Wyoming sue Biden administration over oil and gas leasing pause

25

Mar

Biden administration, federal lands and waters, gas, Louisiana, Oil, oil and gas leasing, U.S. states, Wyoming

Fourteen U.S. states including Louisiana and Wyoming sue Biden administration over oil and gas leasing pause

PEJOURNAL - Fourteen U.S. states including Louisiana and Wyoming filed lawsuits on Wednesday against President Joe Biden’s administration, challenging his pause on new oil and gas leasing on federal lands and waters. The legal actions, which seek to restore regular federal drilling auctions, came a day before the administration is set to launch a review of the oil and gas leasing program. Biden, in January signed an executive order putting on hold new leasing pending that review. During his election campaign, he pledged to end new federal leasing as part of a sweeping plan to address climate change. The pause…

15

Nov

Cyprus, East Mediterranean, Energy, energy economy, Energy Right, Energy Security, gas, Mediterranean, Oil, Turkey

Getting East Mediterranean Energy Right

BY: Nikos Tsafos* PEJOURNAL - This was a tumultuous summer in the Eastern Mediterranean. On August 12, there was a collision between a Greek frigate and a Turkish frigate as the two navies circled the Turkish survey vessel Oruc Reis. Military exercises drew in forces from the United States, Russia, and France. The United States, Germany, and NATO each tried to mediate between Greece and Turkey. The Mediterranean members of the European Union held a summit, leading French president Emmanuel Macron to tweet “Pax Mediterranea” (whatever that means). Russia offered to help lower tensions, and Greece announced a massive weapons…

Countries that are reliant on oil face uncertainty as renewable energy gain ground

02

Nov

energy economy, Energy Security, Europe, Middle East, Oil, renewable energy

Countries that are reliant on oil face uncertainty as renewable energy gain ground

BY: Paul Cochrane PEJOURNAL - The theory of peak oil, whereby the cost of extraction would exceed how much consumers were willing to pay while demand outstripped supply, was first floated more than 60 years ago. Oil production, geologist M King Hubbert predicted, would peak by the turn of the millennium. That didn’t happen - but the spectre of peak oil raised its head again in the mid-2000s, in part pushed by Matthew Simmons’ book Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy. Simmons argued that Saudi Arabia had inflated its colossal oil reserves - a…

LIBYA’S CIVIL WAR; THE WEST’S OIL CRUSADE NO ONE WANTED

04

Aug

Civil War, Egypt, General Haftar, Liberation National Army, Libya, National Accord Government, Oil, Qaddafi, Russia, Turkey, West

LIBYA’S CIVIL WAR; THE WEST’S OIL CRUSADE NO ONE WANTED

BY: Begona Arechalde PEJOURNAL - It has been a turbulent week in Libya. Following the UN-backed GNA government's announcement to recapture the city of Sirte on July 18, Egypt declared that it will deploy its troops in the neighboring country next Monday to protect its national security "from criminal armed militias and foreign terrorist elements." Turkey, the main GNA supporter in the war, warned Cairo that such a move could be considered an invasion. The United States, concerned about Russian influence in the region, has accused Moscow of breaking the arms embargo in the country. The Libyan Civil War began…

Political Economy Journal: BRICS; Risk or Opportunity

20

Jul

Brazil, BRICS, Chabahar, China, India, Iran, LNG, Oil, pejournal, Political Economy Journal, Russia, South Africa

Political Economy Journal: BRICS; Risk or Opportunity

BY: Daniel Ranjbar The BRICS countries flags PEJOURNAL - The BRICS countries are trying to get other countries that are almost in a similar situation to join the group in order to achieve their collective goals with more power. The group currently covers more than 40% of the world's population, including Brazil, Russia, India, China and South Africa. But one of the main problems of the BRICS countries in expanding relations and strengthening their position is the small number of members and the geographical distance of the member countries of this group. The BRICS group symbolizes the imbalance created by…

Reuters: CIMB alleges ‘suspicious’ Hontop Energy oil deals with BP

06

Jul

BP, CIMB, Energy, Hontop, Malaysia, Oil, Reuters, Singapore

Reuters: CIMB alleges ‘suspicious’ Hontop Energy oil deals with BP

PEJOURNAL - Singapore’s High Court has appointed an independent supervisor to oversee the restructuring of trader Hontop Energy. The move came after Malaysian lender CIMB, its biggest creditor, raised concerns about what it described as ‘suspicious’ deals involving oil major BP, according to an affidavit filed with the court this week and reviewed by Reuters. Hontop, the trading arm of Chinese independent refiner China Wanda Holding Group Co Ltd, is one of four commodity trading firms in Singapore which ran into financial trouble as the oil price crashed. CIMB is seeking repayment of $105 million it lent the company. In…